Press Releases
Trump Picks Billionaire Hedge Fund Manager Scott Bessent to Enact His Agenda of More Tax Giveaways for Corporations & The Rich, Higher Costs for Working Families
WASHINGTON, D.C. – Following President-elect Trump’s nomination of billionaire Wall Street hedge fund manager Scott Bessent to run the U.S. Treasury Department, government watchdog Accountable.US called the pick further proof the incoming Trump administration intends to permanently rig the economy to the benefit of the big corporations and the super-wealthy on the backs of working people. Bessent is the latest Republican megadonor and billionaire Trump wants in his cabinet, having donated nearly $3 million to Trump and other Republicans during the last election cycle. Bessent recently penned a Fox News op-ed defending the Trump plan for a national sales tax that independent analysts found will increase prices and leave the typical U.S. family paying as much as $3,900 more every year.
Donald Trump’s choice of another billionaire to oversee major elements of the U.S. economy is consistent with Trump’s top priority of giving the super-wealthy and big corporations another multi-trillion-dollar tax break paid for with deep cuts in health care and higher costs for millions of American workers and seniors.
For all his talk of looking out for working class Americans, President-elect Trump’s choice of a billionaire hedge fund manager to lead the Treasury Department shows he just wants to keep a rigged system that only works for big corporations and the very wealthy. If confirmed, Scott Bessent’s first order of business will be to push trillions of dollars in more tax giveaways to the very well-off and at the same time essentially enact a $3,900 tax increase for the typical American family. This is the same, old playbook, and it will have the same results of an economy that only works for a select few, not everyone.”
